I've been searching but can't find any rule or law that states a 10% holder can extend expiration dates on warrants by 2 years. It's strange that the lawsuit doesn't refer to the rule section number either.
All that would be in the bylaws of the company as I see it. I had a copy but something had changed. Of course the bylaws are filed with the SEC if I recall or possibly at the HDC website. At any rate I'm not ready to check that out or turn my files upside down today! nor tomorrow!
does holding 10% or better entitle the holder to an additional 2 years?
No, unless there was a contractual or by-laws provision to that effect. I suspect there is not because if there was it would have been the main focus of discussion. Also its not a normal kind of provision. John
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